The University of New Mexico Small Business Institute (SBI) at the Anderson School of Management is now accepting applications for both the spring and fall 2013 semesters. This is the ideal program for small businesses looking for assistance in business projects such as marketing, expansion, financing or creating business plans.

Small business owners will work with graduate and undergraduate students, guided by faculty members and mentored by SCORE consultants, to receive consulting expertise and an outside perspective on how to improve business practices. The cost to participate in the SBI assistance program is $500.

"Not only is the fee a reasonable price for the amount of time and effort put into the report," said David Hammitt, SBI coordinator. "But the students also have access to several major business databases that would normally cost business owners thousands of dollars to use. Businesses are saving money while at the same time receiving the research from the professional consulting reports."

Since it was founded in 1978, the SBI has successfully helped more than 600 businesses including startup companies, expanding businesses, non-profit organizations and family businesses. Two recent consulting projects completed by UNM SBI students were nominated for the top three prizes in the national SBI Best Consulting Report competition. The winners of the competition will be announced at the SBI annual conference this February in Florida. These prestigious nominations validate the quality of work done by UNM students and faculty members.

To participate in this program, business owners can submit their application online or for more information, visit: Small Business Institute. Due to high demand, space for the spring semester is limited. The deadline to be considered for the spring semester is Friday, Jan. 25.

For additional information about the UNM Small Business Institute program assistance call (505) 277-8869.